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Following is the detail of opening WDV of assets as on July 1, 2018: Building Rs.860000 Plant and machinerty 570000 Furniture and fitting 49000 Computer

Following is the detail of opening WDV of assets as on July 1, 2018:

Building Rs.860000

Plant and machinerty 570000

Furniture and fitting 49000

Computer 61000

Vehicle 52000

Following additions are made during the year to fixed assets:

Assets Date of Purchase Cost

Building 1.5.2016 165000

Plant and machinery (new from Germany) 17.6.2017 27000

Plant and machinery (Old from USA) 16.6.2016 41000

Plant and machinery (old from Brazil) 16.5.2017 47000

Plant and machinery (old from Pakistan) 25.6.2016 33000

Computer 14.7.2016 31000

Vehicle 16.7.2017 16000

Following assets are dispose off during the year:

WDV on

Date of Sale Sale Proceeds

Vehicle 15.8.2017 32000

Plant and machinery 15.8.2017 63000

Computer 15.8.2017 18000

Required: Calculate tax depreciation?

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